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Ripple
August 29, 2024
Ripple Unicorn News - August 29, 2024
Ripple has introduced its first stablecoin, Ripple USD (RLUSD), pegged 1:1 with the US dollar. This strategic move aims to enhance cross-border payment solutions and re-establish Ripple's presence in the industry following its legal battle with the SEC.
() Introduction
() Ripple Enhances Cross-Border Payments with Launch of Stablecoin RLUSD
Ripple has launched its first stablecoin, Ripple USD (RLUSD), which is pegged 1:1 with the US dollar. The stablecoin aims to enhance cross-border payments and is a strategic effort to re-establish Ripple's presence in the cross-border payments industry, particularly in the US, following its legal battle with the SEC. Ripple CTO David Schwartz highlighted RLUSD's importance to the company's cross-border payments solution.
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